2020
DOI: 10.1109/tia.2019.2959549
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Stochastic Risk-Constrained Scheduling of Renewable-Powered Autonomous Microgrids With Demand Response Actions: Reliability and Economic Implications

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Cited by 72 publications
(34 citation statements)
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“…In this regard, a microgrid (MG) is projected as a localized consumer-interactive distribution network construction within the smart grid community, to achieve a low-carbon society with reduced greenhouse gas emissions, while taking into account the local-generation properties, variability in the generation inputs and economic aspects [5]- [7]. MGs comprise different types of distributed generation (DG) units, energy storage systems, and electrical loads, and can operate either with the grid (grid-connected mode) or without the grid (islanded mode) [8], [9] to create an efficient and more economical system with enhanced power quality and reliability performance levels, increased energy efficiency, and reduced environmental pollution [10], [11]. From the perspective of economic aspects, MG operators have to determine the optimal energy management (EM) that can accomplish the lowest operating, maintenance and capital costs over the lifetime of a project [12], while maintaining reliability, efficiency, and power quality considerations of production and consumption of electricity.…”
Section: Grid−tmentioning
confidence: 99%
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“…In this regard, a microgrid (MG) is projected as a localized consumer-interactive distribution network construction within the smart grid community, to achieve a low-carbon society with reduced greenhouse gas emissions, while taking into account the local-generation properties, variability in the generation inputs and economic aspects [5]- [7]. MGs comprise different types of distributed generation (DG) units, energy storage systems, and electrical loads, and can operate either with the grid (grid-connected mode) or without the grid (islanded mode) [8], [9] to create an efficient and more economical system with enhanced power quality and reliability performance levels, increased energy efficiency, and reduced environmental pollution [10], [11]. From the perspective of economic aspects, MG operators have to determine the optimal energy management (EM) that can accomplish the lowest operating, maintenance and capital costs over the lifetime of a project [12], while maintaining reliability, efficiency, and power quality considerations of production and consumption of electricity.…”
Section: Grid−tmentioning
confidence: 99%
“…FCM is the objective function value at iteration m. The stochastic operation cost ($/kWh) of the grid at time t considers 5 market price scenarios (S) and their probabilities (Ä s ), which are obtained by FCM, expressed in (37) to solve the objective function given in (8).…”
Section: Stochastic Optimization To Take Account Of Market Price Umentioning
confidence: 99%
“…While renewable sources are used for the generation, this makes them a problem to be addressed by the control system due to their time-varying nature, difficulty in predicting, and lack of manipulative capability. Although the controller cannot adjust these variables (except for in the case of Demand Response) [10], MPC may use the current information (current measurement and future prediction) to forecast the system output along the horizon.…”
Section: A Background and Motivationmentioning
confidence: 99%
“…Similarly, rooftop renewable energy generation also helps in the fulfillment of high rise energy demand [7], [8]. The uncertainty during the fulfillment of the high rise energy demand through renewable energy generation is considered by Vahedipour in [9]. In this model, the authors used a stochastic risk-constrained framework to maximize the expected profit of the microgrid operator through the optimal scheduling of renewable resources.…”
Section: Introductionmentioning
confidence: 99%